Freehold Property to buy in Taunton

Key points

• Purpose built freehold bowling facility extending to approximately 27,441 sq ft GIA over ground and small mezzanine level with 114 surface car parking spaces.
• Entirely let to Mitchells and Butlers Retail (No 2) Limited, with a parent company guarantee from Mitchells and Butlers Leisure Holdings Limited, on a 25-year lease expiring 23 July 2034 providing 9.7 years unexpired.
• Sub-let to The Original Bowling Company Limited, a subsidiary of Hollywood Bowl Group Plc, the UK’s largest tenpin bowling operator with a 100/100 Creditsafe Risk Rating.
• Mitchells & Butlers are the largest operator of managed pubs and restaurants in the UK, with a Stock Exchange market capitalisation of £1.4 billion (Nov-24).
• Passing rent of £391,477 per annum (£14.27 psf) with an upwards only rent review to Open Market Value on 24 July 2029.
• Taunton is the County Town of Somerset with a population of 61,700. It is 38 miles south-west of Bristol and 28 miles north-east of Exeter.
• 2.25-acre site within a well-established leisure complex on the east side of Taunton, adjacent to the A358 which leads directly to the M5 Motorway.
• EPC rating of A-8.